MCR mincor resources nl

iceberg dead ahead, page-7

  1. 2,920 Posts.
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    Blao, I think Mcr can cease this buyback whenever they want to.
    Don't think they will have another one in the forseeable future regardless of what some shareholders want.
    A few posters here including yourself have been keen on this current buyback but as has been said many times before. buybacks do not support a sp, especially when we have economic turmoil in Euro etc.
    In fact if you look back you will find the sp was a lot higher just before this buyback started.
    Steady as she goes with this stock .
    Didn't the sp get close to 40c in the gfc.
    Would be a good buy if it gets there again.
    I can't see any trigger to get the sp even close to 80c.in the forseeable future.
 
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